TD Waterhouse Canada Inc. Raises Stock Position in Celestica, Inc. $CLS

TD Waterhouse Canada Inc. increased its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 14.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 135,663 shares of the technology company’s stock after acquiring an additional 16,961 shares during the period. TD Waterhouse Canada Inc.’s holdings in Celestica were worth $49,023,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Celestica during the 4th quarter valued at $28,000. Swiss RE Ltd. bought a new position in shares of Celestica in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Celestica in the fourth quarter worth $30,000. Sittner & Nelson LLC purchased a new stake in shares of Celestica in the fourth quarter worth $31,000. Finally, Ascentis Independent Advisors bought a new stake in Celestica during the first quarter valued at $29,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Trading Up 11.6%

Shares of CLS stock opened at $310.12 on Friday. The stock has a market capitalization of $35.66 billion, a PE ratio of 32.24 and a beta of 2.04. Celestica, Inc. has a 1-year low of $210.62 and a 1-year high of $474.02. The business has a 50-day moving average of $327.97 and a 200 day moving average of $335.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.25. The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.30 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%.Celestica’s revenue for the quarter was up 62.4% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. Celestica has set its FY 2026 guidance at 11.300-11.300 EPS and its Q3 2026 guidance at 2.880-3.080 EPS. As a group, sell-side analysts anticipate that Celestica, Inc. will post 10.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CLS shares. Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Barclays dropped their price target on Celestica from $430.00 to $406.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Wolfe Research upped their price objective on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Celestica has an average rating of “Buy” and a consensus target price of $439.81.

Insider Activity at Celestica

In other news, CFO Mandeep Chawla sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $399.65, for a total value of $6,794,050.00. Following the transaction, the chief financial officer owned 82,444 shares in the company, valued at approximately $32,948,744.60. This trade represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Mionis sold 98,453 shares of Celestica stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 356,553 shares of company stock worth $135,238,444 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.